Stock Track | MakeMyTrip Plummets 5.03% Intraday After Q4 Earnings Miss and Profit Decline

Stock Track05-19

MakeMyTrip's stock plummeted 5.03% during intraday trading on Tuesday, following the release of its fiscal fourth-quarter earnings report which showed a decline in profitability.

The online travel company reported adjusted earnings per share of $0.32 for the quarter, missing the analyst consensus estimate of $0.34. This represents a 23.81% decrease from the $0.42 per share earned in the same period last year. While quarterly sales of $281.745 million slightly exceeded expectations, the significant earnings miss and a 16.8% year-over-year decline in quarterly profit to $24.32 million weighed heavily on investor sentiment.

For the full fiscal year 2026, the company's profit dropped sharply by 45.8% to $51.67 million, despite a 6.7% increase in annual revenue. The earnings disappointment contributed to broader weakness in consumer discretionary stocks during the session.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment